S&P Global Ratings: Ukraine’s GDP may grow by 2 percent by 2019
Agency confirms country’s ranking in foreign currency at ‘B’ level
According to the S&P Global Ratings most recent report, the forecast of Ukraine’s long-term financial ratings is ‘stable’, Interfax reports.
‘Ukraine’s ratings have confirmed, which reflects stabilization of the country’s macroeconomic environment in 2016. For the first time in nine quarters, the economy resumed growth in Q1 2016, and the inflation melted', the report says.
According to the report, in 2016, Ukraine’s GDP will grow by 1 percent by the end of the year. Thanks to acceleration of growth, the average economic growth ratio will make 2 percent in 2016-2019. ‘The stable forecast is based on our opinion that in the next 12 months, the Ukrainian government will keep the access to means of official loan programs, while implementing reforms in budgetary, financial and economic areas’, reads the message.
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